Northern Star Increases Financing to CDN$23,212,458

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS
AGENCIES


Northern Star Mining Corp. (TSX VENTURE:NSM) is pleased to announce that further
to its news release of July 24, 2009 it has completed a second closing of
1,350,000 unit subscription receipts (the "Unit Subscription Receipts") at a
price of CDN $0.50 per Unit Subscription Receipt for additional gross proceeds
of CDN $675,000.


In total, the Company has raised gross proceeds of CDN $23,212,458 (the
"Financing") from the sale of 37,993,000 Unit Subscription Receipts at a price
of CDN $0.50 per Unit Subscription Receipt for $18,996,500 and 7,528,497
flow-through subscription receipts (the "Flow-Through Subscription Receipts") at
a price of CDN$0.56 per Flow-Through Subscription Receipt for CDN$4,215,958
through the syndicate of agents led by Casimir Capital L.P. and including
Canaccord Capital Corporation and Wellington West Capital Markets Inc.


The gross proceeds of the Financing have been deposited in escrow with
Computershare Trust Company of Canada, as subscription receipt agent, pending
satisfaction of the release conditions on or before August 31, 2009 as more
particularly described in the Company's news release of July 24, 2009 (the
"Release Conditions").


Each Unit Subscription Receipt entitles the holder thereof to automatically
receive, without payment of additional consideration, one unit of the Company (a
"Unit") upon satisfaction of the Release Conditions. Each Unit will consist of
one common share and one-half (1/2) of one transferable common share purchase
warrant. Each whole warrant will entitle the holder to purchase one additional
common share at a price of CDN$0.70 for a period of 36 months from the date of
issuance.


Each Flow-Through Subscription Receipt entitles the holder thereof to
automatically receive, without payment of additional consideration, one
"flow-through" common share of the Company upon satisfaction of the Release
Conditions.


All securities issued pursuant to this second closing of the Financing are
subject to a hold period of four months and a day expiring November 29, 2009.


ON BEHALF OF THE BOARD

Jonathan Awde, VP Corporate Finance

This news release contains forward-looking statements, which relate to future
events or future performance and reflect management's current expectations and
assumptions. Such forward-looking statements reflect management's current
beliefs and are based on assumptions made by and information currently available
to the Company. Investors are cautioned that these forward looking statements
are neither promises nor guarantees, and are subject to risks and uncertainties
that may cause future results to differ materially from those expected. These
forward-looking statements are made as of the date hereof and, except as
required under applicable securities legislation, the Company does not assume
any obligation to update or revise them to reflect new events or circumstances.


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE
SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD
IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Northern Star Mining Corp. (TSXV:NSM)
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